Trade Recommendation: Qtum

Trade Recommendation: Qtum

Introduction

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

If we look at the 1H chart, we can see that the market is in an uptrend. The price is above the kumo and it gives us buy opportunity. DMI indicator confirms trend market conditions and allows trading. ADX line rises and it tells us that bulls become stronger. Also a flag chart pattern, which we can draw on this chart, is belong to a continuation group of patterns. We should expect for further upward movement. If so, pending orders for buy should be placed above the top line of the flag pattern. It can be 0.048700 level. Stop orders must be placed below the support at 0.043700 level. The main profit target is 0.055000 level. Also a part of long trades can be left for long run. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

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Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More

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Analyst

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More

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Analyst

Senior Market Analyst at Etoro.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More

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Analyst

Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More

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